Wage Garnishment
To receive payment for delinquent taxes, the IRS may secure funds directly from your employer by garnishing wages. Although a formula is used to determine the amount that goes to the IRS, the percentage is quite significant and remains in effect as long as you remain an employee of the company.
What you need to know
If your wages are garnished by the IRS, your employer is required by law to pay the government.
A few facts about wage garnishment:
• The amount paid is based on your marital status and number of dependents.
• Court ordered child support is exempt from garnishment, if the order is prior to the levy.
• For joint liabilities, both spouses can be levied.
One bit of good news is that the Consumer Credit Protection Act states that you can not be fired from your job due to wage garnishment. We can act as your negotiator to arrange payment to the IRS other than garnishing wages.
How we can help
Our highest priority is to shield you from further, direct IRS contact. This alone can give you peace of mind regarding a tax issue. The overwhelming burden of financial pressure can be lifted when we work together for your best solution. The steps we take are:
1) Listen and learn about your situation. Initially, we will schedule a complimentary interview to determine the extent of challenges with the IRS.
2) Sign a power of attorney. Letting a professional be the authority to represent you before the IRS takes stress off of you and your daily life.
3) Stop the annoying phone calls or notices. Our firm notifies the IRS that we are representing you, which requires the IRS to communicate with and contact us directly. Our focus is to stop any harassment and direct all correspondence through our office.
4) Make a plan. After meeting with you to diagnose the problem, we’ll recommend the best course of action based on our experience and knowledge of the options available.